Replies to post #2020 on Mr Cooper Group Inc fka COOP

[DewDiligence]

>Well.. isn't this the reason that banks pay FDIC insurance?? To protect from losses?<

The FDIC’s mission is to protect deposit holders from losses—not to protect shareholders from losses.

Doesn’t anyone on this board know anything about the banking business? The misconceptions here are utterly mind-boggling.